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A password will be e-mailed to you. Africa has the most natural should i invest in healthcare in the world. 24 trillion worth of untapped deposits of raw mineral ores, which is equivalent to the combined total Gross Domestic Product of Europe and the United States combined. These raw minerals include cobalt, copper, niobium, tantalum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, petrol and timber.

Besides the raw resources, there are plenty other investment opportunities in Africa and with proper organized initiatives many African-Americans that may want to invest can make plenty of money for their efforts. African Americans spend well over a trillion dollars annually, and it does us no good, however investing in Africa through business ventures can create thousands of new millionaires, and dozens of new billionaires in a wide range of categories. Below are 10 solid reasons why African-Americans should organize campaigns or join other solid initiatives to invest in Africa. In addition, Africa contains 90 percent of the world’s platinum reserves, about 80 percent of its cocoa and diamonds, 60 percent of its phosphate, 50 percent of its bauxite and chromium reserves, 20 percent of its titanium, and close to 15 percent of its oil and natural gas. Atlanta Black Star today and help us share our narratives. Atlanta Black Star is a narrative company. We publish narratives intentionally and specifically to enlighten and transform the world.

Copyright 2016 – Atlanta Black Star. I want to retire at age 55. I contribute to several retirement savings plans but worry I’ll be penalized for withdrawing my savings early. I want to invest additional money somewhere else.

But for some people, it can seem like an impossible goal. Saving enough to retire early is hard enough, but many retirement accounts will punish you for withdrawing your savings too soon. Here are three steps to becoming financially independent so that you can quit the rat race long before the Social Security checks start to arrive. The first step is to make sure you’ll actually have enough money to retire early. If you’re following the standard retirement route, you should aim to save six times your annual income by age 50 and ten times your income by age 60.

When you retire at age 65, you should have about 13-15 times your income stashed away, says Ulin. But in order to retire by age 55, you may need to save 33 times your annual salary. Not sure if you’re on track? Try using a retirement savings calculator or work with a financial adviser to map out a plan.

Send us your money questions for a chance to be featured in the next Broke No More column. But there are ways to avoid taking such a hit. If you plan to use the money before reaching retirement age, your best option is to start with a Roth IRA. A Roth lets you withdraw your contributions at any time, penalty-free. 118,000 per year are eligible for a Roth. While these accounts do charge an early withdrawal fee, there are still some ways to avoid the penalties.

This IRS exception, sometimes called the “Rule of 55,” doesn’t work on IRA accounts. If you plan to retire earlier than 55, consider using the 72t rule. You could be penalized if you deviate from SEPP, so consider speaking with a financial professional before deciding if it’s the right strategy for you. And of course, you’ll still need to pay regular income taxes on the money you withdraw. To increase your chances of retiring early, consider supplementing your retirement savings account with a brokerage account, says Dana Anspach, a CFP and CEO at Sensible Money.